Press release
Drone Software Global Market Size is Expected to hit $32.94 Billion at a CAGR of 25.5% By 2028 | Airware Inc., Drone Volt, Dronedeploy Inc., Altitude Angel, Pix4D SA.
"The new report published by The Business Research Company, titled ""Drone Software Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the drone software market size has grown exponentially in recent years. It will grow from $10.71 billion in 2023 to $13.29 billion in 2024 at a compound annual growth rate (CAGR) of 24.1%. The drone software market size is expected to see exponential growth in the next few years. It will grow to $32.94 billion in 2028 at a compound annual growth rate (CAGR) of 25.5%.
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Commercial And Defense Adoption Fuels Drone Software Market Growth
The increasing adoption of drones for commercial and defense applications is expected to propel the growth of the drone software market going forward. Drones refer to unmanned aircraft used in various commercial and defense sectors such as disaster management, traffic monitoring, border security, surveillance, precision agriculture, and detecting threats in risk-prone areas. The drone software offers advantages such as taking high-quality aerial photographs and video to create a 3D mapping of disaster areas, providing security and surveillance, and easy navigation for defense missions. For instance, according to the Federal Aviation Administration, a US-based transportation agency, in May 2022, 865,505 drones were registered in the US of which 314,689 drones were registered for commercial purposes. Therefore, the increasing adoption of drones for commercial and defense applications is driving the drone software market growth.
Drone Software Market Advances With Cutting-Edge Technology
Technological Advancement is the key trend gaining popularity in the drone software market. Major market players are concentrating their efforts on implementing advanced drone software that helps in automating drone flying and picture data transfer and gives survey-grade results. For instance, in March 2022, Asteria Aerospace Ltd., an India-based drone manufacturer and solution provider company, launched a drone operations platform SkyDeck, a cloud-based software platform to deliver a Drone-as-a-Service (DaaS) solution for various purposes. It includes an AI-based analysis of captured aerial data, data processing, and visualization, and drone fleet management.
The drone software market covered in this report is segmented -
1) By Solution: System, Application
2) By Architecture: Open Source, Closed Source
3) By Deployment: Onboard Drones, Ground-Based
4) By Platform: Defense And Government, Commercial, Consumer
5) By Application: Control And Data Capture, Image Processing, Analytics
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Major companies operating in the drone software market report are Airware Inc., 3D Robotics and Automation, DreamHammer Corporation., Drone Volt, Dronedeploy Inc., Altitude Angel, Pix4D SA., Precisionhawk Inc., AgEagle Aerial Systems Inc., Skyward Io., Propeller Aerobotics Pty Ltd., Aloft Technologies Inc., Cyberhawk, AirMap Inc., Auterion Ltd., Avision Inc., DroneSense Inc., FlytBase Inc., Hivemapper, Kittyhawk, Matternet Inc., Percepto Ltd., Picterra, Redbird Aviation Pvt Ltd., Robotic Skies Inc., Skycatch Inc., Skydio Inc., ICR Integrity Ltd., Sky-Watch A/S, SlantRange Inc., Swoop Aero Pty Ltd., Unifly nv, Wingtra AG
Contents of the report:
1. Executive Summary
2. Drone Software Market Report Structure
3. Drone Software Market Trends And Strategies
4. Drone Software Market - Macro Economic Scenario
5. Drone Software Market Size And Growth
…..
27. Drone Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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